Luminar Technologies Files for Bankruptcy and Sells Semiconductor Business
Dec 15, 2025
Luminar Technologies, a maker of lidar technology for vehicles, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. This decision follows a period of layoffs, executive departures, and legal disputes with its largest customer, Volvo.
The company announced that it has entered into an agreement to sell its wholly owned subsidiary, Luminar Semiconductor, Inc. (LSI), to Quantum Computing Inc. for $110 million in cash. Quantum Computing Inc. focuses on photonics and quantum optics technology.
Luminar said it is working with a group of its major noteholders—over 91% of its first lien and about 86% of its second lien holders—to support the bankruptcy process and the sale of its semiconductor business. The company's goal is to facilitate a value-maximizing sale process through this court-supervised restructuring.
What does it mean that Luminar filed for Chapter 11 bankruptcy?
Chapter 11 bankruptcy allows a company to reorganize its business and address its debts while continuing to operate. It often involves selling assets to repay creditors.
Why is Luminar selling its semiconductor business?
Luminar is selling its Luminar Semiconductor subsidiary to raise funds and help pay off debts as part of its restructuring process.
Who is buying Luminar Semiconductor?
Quantum Computing Inc., a company that specializes in photonics and quantum optics technology, is purchasing Luminar Semiconductor for $110 million in cash.
Will Luminar continue to operate after filing for bankruptcy?
Filing for Chapter 11 allows Luminar to keep operating while it restructures its business and works through the court-supervised process.
Sources
Luminar Technologies, Inc. Initiates Voluntary Chapter 11 Proceedings to Facilit...
Business Wire
Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”). The Company has...
Luminar Announces Sale of Photonics Business to Quantum Computing Inc. for $110...
Business Wire
Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has entered into an agreement with Quantum Computing Inc. (“QCi”) pursuant to which QCi will acquire Luminar Semiconductor, Inc. (“LSI”...
Quantum Computing Inc. Announces Agreement to Acquire Luminar Semiconductor, Inc...
HOBOKEN, N.J. , Dec. 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced that it has signed an agreement (the "Stock Purchase Agreement") to acquire Luminar Semiconductor,...
Lidar-maker Luminar files for bankruptcy
TechCrunch
TechCrunch
Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo.
Luminar Technologies Files for Bankruptcy
WSJ
WSJ
The company plans to sell its Luminar Semiconductors subsidiary to Quantum Computing for $110 million.
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